To ask the Chancellor of the Exchequer, what steps he is taking to support (a) employed and (b) self-employed people in the travel industry during the November 2020 covid-19 lockdown.
25 November 2020
Following the implementation of further national restrictions to curb the spread of the virus, the Government has announced additional economic measures to provide financial support to employed and self-employed individuals, including those working in the travel industry.
The Government has extended the Coronavirus Job Retention Scheme until March 2021 which will provide employees with 80 per cent of their current salary for hours not worked, up to a maximum of £2,500 per month. The Government is providing broadly comparable support for the self-employed through the Self-Employment Income Support Scheme, with grants raised to 80 per cent of average trading profits, up to £7,500 for 3 months.
These schemes are part of a £200bn package of support offered to businesses, including billions of pounds worth of loans, grants and tax deferrals, which will help protect jobs throughout the UK and across all sectors through the winter.